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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1896:
A price quotation which includes all the expenses involved in loading the goods into a ship is
  • A Free on Board (FOB)
  • B Free Alongside Ship (FAS)
  • C Cost, Insurance, Freight (C.I.F)
  • D Ex-ship
View Answer & Explanation
Question 1897:
Shares, bonds, stocks and debentures traded on the stock exchange are collectively called
  • A Collaterals
  • B Commodities
  • C Resources
  • D Securities
View Answer & Explanation
Question 1898:
In a hire purchase contract, the customer becomes the legal owner of the goods by
  • A Paying the last installment
  • B Paying the first installment
  • C Taking possession of the goods
  • D Paying half the purchase price
View Answer & Explanation
Question 1899:
Which of the following is engaged in commercial occupation?
  • A A brick layer
  • B An engineer
  • C An insurance broker
  • D A barber
View Answer & Explanation
Question 1900:
"Net 3 months" on an invoice means the buyer will
  • A Pay interest after 3 months
  • B Gets discount if he pays within 3 months
  • C Pay full invoice amount after 3 months
  • D Have discount if he pays after 3 months
View Answer & Explanation